“Within five years, the number of software developers worldwide is expected to grow rapidly with India projected to overtake the United States in terms of overall total software developers by 2023.

Thus, there is a large opportunity present in the current marketplace to offer comprehensive blockchain education to shore up the supply of blockchain developers to meet the demand for blockchain developers.”

The opportunity:

This brings a huge opportunity for the common Indian to be prepared for the future: either through learning and upskilling or making money through trading. You need knowledge and the correct ethical direction. We will discuss a few websites where you can start cryptocurrency trading, but, before that, here are some rules:

Loop – Loop is a trustful peer-to-peer token transaction network. With the Reserve Bank of India instructing all banks to stop their relationship with cryptocurrency exchanges and traders, the P2P platforms have become very popular.

WazirX was founded a year back, in 2018. In this short period of time, it has established itself as one of the fastest growing cryptocurrency exchanges in India. WazirX has been growing at a rate of over 50% month-on-month. WazirX boasts of 75,000+ app installations till now.

Bitbns is a very popular Indian cryptocurrency exchange founded in December 2017 by IIT Graduates. Considering the current crypto to fiat conversion challenges in India, Bitbns has also come up with few innovative solutions:

Similar to Koinex, Bitbns P2P Bank Transfer finds a match. A user can give a Tip (just like Fuel for Koinex) to give an incentive to a transaction.

Vouchers are another unique way where the INR Transfer happens in the form of vouchers. The Bitbns has a partnership with Bidforx. Once a match is found, a user has to log in to Bidforx and generate a voucher for the withdrawer and submit it. The detailed process is described here.

Bitbns SELECT is only for SELECT users. It provides the user to deposit INR 1Lakh and more within 10 minutes. More details are provided here.

Below are the criteria which need to be met in order to become a Select member

You must trade 10 BTC worth of cryptocurrencies in the last 30 days

OR

You must deposit a minimum of INR 6 lacs to your Bitbns INR wallet in last 30 days

Note that, the features mentioned in the exchanges might change with time. The readers are requested to do thorough due-diligence before starting. Please test your first transactions using small amounts only.

This article is the opinion of the author and every individual need to do their own research before investing in cryptocurrencies.

Please follow the Rules and Regulations of the Government while trading in cryptocurrencies. Do not indulge in illegal activities.

We hope there will be regulations soon so that the processes get smoother!

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